Tafkap industries has 5 million shares of stock outstanding


TAFKAP Industries has 5 million shares of stock outstanding selling at $14 per share, and an issue of $30 million in 7.5 percent annual coupon bonds with a maturity of 15 years, selling at 103 percent of par. Assume TAFKAP’s weighted average tax rate is 34 percent and its cost of equity is 13.0 percent.

What is TAFKAP’s WACC? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

WACC   %

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Tafkap industries has 5 million shares of stock outstanding
Reference No:- TGS01107096

Expected delivery within 24 Hours